RBC Capital lowered the firm’s price target on Kratos Defense (KTOS) to $80 from $100 and keeps an Outperform rating on the shares after its Q1 results. The company raised its 2026 guidance, reflecting strength across its portfolio, as well as the confidence in the timing of defense contracts and outlays, though the company continues to call out delays in contract award timings and the firm is reducing its assumed EBITDA multiple to 50-times from 65-times, the analyst tells investors in a research note.
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Read More on KTOS:
- Kratos Defense price target raised to $130 from $125 at Canaccord
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